Singapore's Inflation Likely Picked up in June

Dow Jones07-21 10:23

0223 GMT - Singapore's inflation likely ticked up in June, as higher energy prices continue to feed through to transport and utility costs, say analysts at BMI, a unit of Fitch Solutions, in a note. Imported inflation has risen by almost 20% on year since March. "Broader price pressures are likely to emerge later, as consumer price inflation typically tracks import costs with a lag," the analysts add. While inflation is expected to rise further, government support, including new support packages for households, should help cushion the impact on consumer spending power. BMI estimates that Singapore's headline inflation accelerated to 2.0% in June, from May's 1.8%.(amanda.lee@wsj.com)

 

(END) Dow Jones Newswires

July 20, 2026 22:23 ET (02:23 GMT)

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